I have a quote from Lloyds TSB for a new mortgage when I move house.
My 150K mortgage will be approx,
79K @ 1.73% (a tracker 1.23% above BoE)
71K @ 5.19%, fixed for 5 years.
Total = £630 per month
But Ive noticed that some search engines are suggesting I can possibly get 3.5% fixed for 3 years with a 10% deposit, which is basically the same cost.
Do you think its wise to hang on to my existing 1.23% above BoE tracker, or is quite easy to move mortgage lenders every 4/5 years, fixing at better rates?
My 150K mortgage will be approx,
79K @ 1.73% (a tracker 1.23% above BoE)
71K @ 5.19%, fixed for 5 years.
Total = £630 per month
But Ive noticed that some search engines are suggesting I can possibly get 3.5% fixed for 3 years with a 10% deposit, which is basically the same cost.
Do you think its wise to hang on to my existing 1.23% above BoE tracker, or is quite easy to move mortgage lenders every 4/5 years, fixing at better rates?